893
views

FUSION DCRM Interoperability Connecting All Blockchains with Traditional Finance

It’s without a doubt that blockchain technology has brought an enormous change in the finance industry. The distributed ledger technology (DLT) has dramatically transformed well-established financial institutions by improving transparency, lowering transaction costs, allowing faster transaction execution, and creating audibility of operations. For instance, blockchain technology has enhanced digital payments in the banking industry, introduced smart contracts, and integrates cryptography in a shared database to enhance transparency. 

But while blockchain technology has enormously transformed the finance sector, mainstream adoption is quite slow. This is largely attributed to interoperability and scalability, the major hindrances in realizing the full potential of blockchain technology in the finance sector. 

However, FUSION is a workable solution for the usability and scalability challenges witnessed in the various blockchain ecosystems within the finance sector. Project FUSION is an all-inclusive crypto finance platform that solves the bottlenecks of interoperability and scalability to offer an extensive range of financial leveraging blockchain technology. Here is a comprehensive review of this exciting platform. 

FUSION Project Overview

fusion ecosystem fsn use cases

Established in 2017, FUSION offers a comprehensive solution for interoperability challenges experienced across multiple blockchain ecosystems. The platform solves interoperability by linking cross-chain platforms (Bitcoin, Ethereum, Litecoin, etc.), cross-organizations (banks, insurance, exchange), and cross-data sources (index, stock prices, etc.) to create an all-in-one crypto finance platform. The platform also links centralized and decentralized organizations and also integrates both on-chain and off-chain data. 

FUSION links different types of blockchains by employing distributed network nodes to control various types of tokens’ private keys and create a control and management unit. The project is open-source and rewards community members who contribute to the project to make it better. 

Its inherent coin-Fusion coin powers the FUSION project. The coin employs a hybrid consensus model, i.e., PoS/PoA. In the hybrid consensus, the PoS consensus is used to select a winning node, validating the transaction and adding it to the block. The platform’s PoS, also referred to as TPOS consensus, is unique – it uses Time Value for staking.

Dejun (DJ) Qian is FUSION’s founder and CEO. DJ is also the founder of BitSE- a company that deals in a wide range of blockchain developments and infrastructure such as Qtum and VeChain. Since its launch, FUSION has struck several partnerships via the DCRM alliance, which brings onboard government partners, business institutions, and fintech companies looking for decentralized finance solutions using DCRM. 

How Does FUSION Solve Interoperability? – Decentralized Control Rights Management (DCRM)

At the heart of FUSION is the Distributed Control Rights Mechanism (DCRM). DCRM was developed with four leading cryptographers- Pascal Paillier, PH.D., Rosario Gennaro, Steven Goldfeder, PH.D., and Louis Goubin. The technology is designed for adoption enabling distributed systems to integrate into any on-chain or off-chain workflow. In other words, DCRM allows different blockchain networks to integrate into the FUSION network and communicate while still maintaining their different features.    

DCRM provides blockchain interoperability by leveraging the LILO (Lock In-Lock Out) function. LILO is basically a portal that allows you to deposit and lock your assets from any blockchain network into the Fusion network. A unique address, i.e., private keys are created for users, enabling them to control their assets from different blockchain networks to withdraw them. Private Keys also offers unparalleled security to users’ assets. 

FUSION claims that DCRM completely solves the massive problem of interoperability. It’s more powerful than atomic swaps, more secure than sharded key storage schemes, and much safer and cheaper than multi-signatures schemes. 

Features of FUSION’s DCRM

  • Private Keys Generation – DCRM automatically generated Private Keys for users to protect and control their assets. 
  • Distributed Transaction Signature – DCRM enables the execution of transactions after the nodes reach a consensus. 
  • Cross-Chain and Cross-System – DCRM allows the transfer of assets across heterogenous blockchains via decentralized custodian models that hold the assets. 
  • Liquidity and Security – DCRM offers a great deal of liquidity and security. It’s distributed key management scheme can be used as either a non – custodial solution for DeFi platforms or as a secure hot wallet solution for more centralized platforms such as wallet providers, custodians, exchanges, etc. 
  • Multiple Signatures – DCRM offers uncompromised asset security by necessitating multiple signatures during a transaction both on on-chain and off-chain workflow. 
  • Settlement Network – DCRM allows users to strengthen the blockchain network by creating a private and robust settlement network. A settlement network enhances the security of the network and also prevents network centralization.

Time-Value Extraction

fusion project fsn

Another unique feature in the FUSION project is the Time-Lock feature. This function allows users to monetize digital assets’ time-value and seamlessly model time-based transactions on the blockchain. The Time-Lock feature is an excellent innovation in the blockchain space, given the intense volatility of crypto coins. Thanks to the Time-Lock function, smart contracts now include a third factor-time enabling asset holders to monetize their assets’ time-value. On the platform, future and derivatives’ value corresponds with time. Additionally, staking is much more realistic and profitable when the time factor is added. 

FUSION Use Cases

FUSION’s financial and blockchain interoperability, as well as the property of expressing asset ownership over time, gives it a couple of use cases. 

  • Rights of ownerships- FUSION allows users to give digital assets, including options, futures, bonds, ownership rights, and time value. In turn, digital assets gain more functionality and value. 
  • Develop an Exchange- For blockchain developers, FUSION enables you to create a low-fee transaction platform with an ideal asset. FUSION allows you to create an extensive range of blockchain platforms, including private exchange, centralized exchanges, decentralized platforms, etc. 
  • Issue and Manage Licenses & Royalties- Thanks to the Time-Lock feature, FUSION makes it possible to issue licenses digitally when an expiration date. Similarly, you can collect royalties for your creative content or intellectual property via the platform and eliminate delays and middle-men. 
  • Convert your content to an Asset- Through FUSION, you can digitize your creative content such as a song into an asset. You can then confer the time-lock function to the token and sell it to listeners and digital service providers. 
  • Manage Foreign Exchange Risk- FUSION enables you to manage foreign exchange risk via the Quantum swap time lock feature. This function locks the price to USD Stable Coin and EUR Stable Coin, averting price changes. 
  • Manage Property- FUSION enables you to manage your property by digitizing the access keys to the smart locks and dictating the exact period of access using time-locked tokens. When this token expires, your property will not be accessible. This feature is ideal for rented properties to eliminate physical dependencies and enhance operations as well as transparency.

Closing Words

Bitcoin live price
Btc
Bitcoin
$16.809,8
price
0.09701%
price change
BUY NOW

FUSION is a revolutionary project in the crypto space looking to power the next wave of financial innovation on the blockchain. The platform solves the massive problem of interoperability between different blockchain ecosystems, contributing to widespread blockchain adoption. Additionally, the Time-Lock function brings about time in digital assets enabling asset holders to easily monetize the time-value of their assets and express asset ownership over time. In the future, FUSION will transform the crypto finance space by providing an optimal technical environment for financial innovation involving blockchain technology.  

Stay up to date with our latest articles

More posts

Pomeranian – The Crypto Underdog Looking to Bring “Normies” Back to the Sector

Pomeranian is a crypto project looking to bring “normies” back to the crypto sector. It promises unique features that the team hopes to set them apart from many other projects. The project’s roadmap and vision statement illustrate the extensive labor behind making Pomeranian a valuable asset for the community. Let’s look at Pomeranian, review its features, and how it works. What is Pomeranian, and What Are Its Unique Features? Pomeranian is a Layer-1 EVM-compatible blockchain built to bring everyday people…

1xBit Introduces Ticket Rush for Amazing Returns on World Cup Bets

The World Cup 2022 is in full gear, captivating the attention of millions of passionate fans worldwide. Some of the best websites for betting on football offer amazing returns on World Cup wagers, and 1xBit is no exception. The crypto betting and casino platform opens its sportsbook with special tickets and unique prizes for Qatar matches. 1xBit is known for its substantial betting campaigns on sporting events. However, this new tournament is bigger and better than anything before. Ticket Rush…

Vave Crypto Bookie – Gamble in the Comfort of Complete Anonymity

A sporting event happens somewhere in the world at almost any time of the day. And what better way to enjoy it than trying to predict the winner? Betting on sports is a global phenomenon with millions of fans worldwide. Now, Vave Casino makes it available to crypto enthusiasts and sports supporters looking for quality entertainment with provable security and anonymity. This article looks at one of the latest crypto casino websites offering all-in-one gambling opportunities, including a wide-ranging sportsbook.…

Risebit – A New Generation of Decentralized Platforms

Risebit is a blockchain-based investment platform enabling users to generate returns safely and reliably. Users can choose from different investment plans according to their portfolios and strategies. Moreover, they can be part of an entirely community-centered platform where all members have a say in project decisions. Some of the Risebit services include a decentralized crypto exchange, a lending platform, launchpads, staking, and BUSD investment pools. Risebit has reached its token presales in just half an hour and scheduled the official…

Voiders – A Free-to-Play Game Revolutionizing Web3 Gaming

Online gaming has come a long way in the past few years. As time goes by, more and more people enjoy playing games online. Web3 gaming is a growing category of internet games. With the upcoming release of Voiders, gamers now enjoy an even more immersive experience. We decided to explore this new game and see what all the hype was about. Voiders - A Closer Look "Voiders" is close to entering the market as one of the first mobile…

Affiliate Me Token – A New Marketing Philosophy In the Crypto World

It's no secret that good marketing can make or break a business. Effective marketing is more important than ever in the online world, where competition is fierce. Here, customers have plenty of choices, and companies may need a high budget to launch effective marketing campaigns. Therefore, it's not surprising that startups are turning to cryptocurrencies and blockchain technology to get an edge on the competition. One such project is Affiliate Me Token, which aims to provide a new marketing paradigm…

Boui – A Voyage Across the Latest Innovative Platform Joining the NFT Market

NFTs have been around for a while, but the industry is still in its early stages. Many projects are popping up, and it can be difficult to tell which ones are worth investing in. This is because the NFT market is still very new, and there is a lot of speculation. Today, we’ll look more closely into Boui, a project that caught our attention and will soon launch on the market. Understanding Boui's Approach to the NFT Industry Boui is…

Ushi – Exploring Crypto Data in a New Way

A new player in the crypto world is looking to change how data is processed and shared. Ushi, a project audited by SolidProof, has a roadmap that promises big things for the future of data sharing.  So let us look more closely at what Ushi has to offer. A Quick Overview of Ushi Ushi (the Japanese term for "bull") is a new and unique way to look at the crypto market. By analyzing data and looking for patterns, Ushi can…

Is Planet IX a Scam? – A Look into Polygon’s Biggest Play-to-Earn (P2E) Game

Planet IX is a new gaming experience using blockchain and web3 gaming to create a fair and secure ecosystem. Through IXT tokens, players can compete on an even playing field regardless of their starting point in the game. Tokenomics ensures that everyone has a chance to earn rewards based on their participation and contribution to the game. Nibiru Software, the company behind the project, will use the proceeds from IXT sales to develop and improve Planet IX. The community and…

indu4.0 – The Digital Marketplace for the Manufacturing Industry

indu4.0 is a digital B2B marketplace for the manufacturing industry, aiming to make the bridge between supply and demand faster, more efficient, and cost-effective. The company behind it, Indu4.0 AG, operates from Lucerne, Switzerland. It has already succeeded in integrating numerous complex industrial products and services with a sophisticated filter system in a user-friendly platform. This indu4.0 review looks closely at one of the most ambitious projects seeking to establish a blockchain presence for the behemoth-sized manufacturing industry. Read on…